13F Pro13F Pro

K2 PRINCIPAL FUND, L.P.

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1461790
Institutional-grade research for retail investors

Sector Allocation

  • Other23.4%$254.5M
  • Technology21.5%$233.9M
  • Financials20.1%$218.1M
  • Industrials8.1%$88.1M
  • Materials5.9%$64.0M
  • Consumer Discretionary5.0%$54.0M
  • Real Estate4.1%$44.1M
  • Communication Services3.9%$42.5M
  • Energy2.8%$30.3M
  • Healthcare2.1%$22.5M

AUM History

13fpro.ai/research/fund/k2-principal-fund-l-p-1461790

Conviction and streaks

Stable · top 10 = 15.2%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

ASTS$ASTSConviction hold1.5% weight · held 4 quartersPFSI$PFSIConviction hold1.3% weight · held 4 quartersLCID$LCIDConviction hold1.1% weight · held 4 quartersRUN$RUNConviction hold1.1% weight · held 5 quartersCRNC$CRNCConviction hold1.0% weight · held 4 quartersDCH$DCHAccumulating+86% shares · 3 quarters runningNSC$NSCAccumulating+1566% shares · 3 quarters runningRDDT$RDDTAccumulating+391% shares · 3 quarters runningCEPF$CEPFAccumulating+26% shares · 3 quarters runningNLOP$NLOPAccumulating+29% shares · 3 quarters runningONEN$ONENTrimming-81% shares · 4 quarters runningFACT$FACTTrimming-58% shares · 4 quarters runningSPCE$SPCETrimming-62% shares · 3 quarters runningXPOF$XPOFTrimming-27% shares · 3 quarters runningKYIV$KYIVTrimming-53% shares · 3 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/k2-principal-fund-l-p-1461790

K2 PRINCIPAL FUND, L.P. 13F holdings — Q2 2026

$1.4B portfolio (-4.7% QoQ) · 490 holdings · Q2 2026 13F · top 10 are 15% of the stock portfolio

Includes $277.0M of put/call options ($109.6M puts, $167.3M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $1.1B. Weights use the stock portfolio.

All holdings — K2 PRINCIPAL FUND, L.P. (Q2 2026)

490 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
GLD$GLDCALLSPDR GOLD TRUST$54.7M-26%
GLD$GLDPUTSPDR GOLD TRUST$22.8M-15%
— PUTVANECK ETF TRUST - JUNIOR GOLD MINE$19.2M+81%
— PUTGLOBAL X FDS - GLOBAL X COPPER$13.9M-7%
GLNG$GLNGGOLAR LNG LTDnote$13.7M—
SEI$SEISolaris Energy Infrastructure, Inc.note$13.0M-33%
MARA$MARAMARA Holdings, Inc.note$12.6M—
— I-80 GOLD CORP - 3.750 04/15/31 CVTnote$12.2M+10%
RBRK$RBRKRubrik, Inc.note$12.2MNew
DBX$DBXDROPBOX, INC.note$12.1M—
SPCE$SPCEVirgin Galactic Holdings, Incnote$12.0MNew
LCID$LCIDLucid Group, Inc.note$12.0M—
— COREWEAVE INC - 1.750 12/01/31 CVTnote$11.9M+25%
RUN$RUNSunrun Inc.note$11.9M+25%
SPY$SPYPUTSPDR S&P 500 ETF TRUST$11.9M-79%

What changed in Q2 2026

Against the previous quarter's 13F: 165 new, 79 added to, 89 trimmed, 158 sold out. Share-count changes; largest moves by dollar size first.

New positions (165)

  • AAUC$AAUCAllied Gold Corp$26.2M

    first bought this quarter

  • AVNET - 1.750 09/01/30 CVT PUT$16.8M

    first bought this quarter

  • CLOUDFLARE INC - NOTE 6/1$16.5M

    first bought this quarter

  • W$WWayfair Inc.$14.3M

    first bought this quarter

  • RBRK$RBRKRubrik, Inc.$12.2M

    first bought this quarter

  • SPCE$SPCEVirgin Galactic Holdings, Inc$12.0M

    first bought this quarter

+159 more in the Excel export

Added to (79)

  • ABVX$ABVXCALLAbivax S.A.+751%

    now $11.3M

  • PUTVANECK ETF TRUST - JUNIOR GOLD MINE+81%

    now $19.2M

  • ON$ONON SEMICONDUCTOR CORP+140%

    now $14.5M · held 8 qtrs

  • PFSI$PFSIPennyMac Financial Services, Inc.+97%

    now $13.9M · held 4 qtrs, 2 adds in a row

  • GLD$GLDSPDR GOLD TRUST+120%

    now $11.9M · held 2 qtrs, 2 adds in a row

  • TE$TECALLT1 Energy Inc.+595%

    now $6.6M

+73 more in the Excel export

Trimmed (89)

  • SPY$SPYPUTSPDR S&P 500 ETF TRUST-79%

    now $11.9M

  • SPY$SPYCALLSPDR S&P 500 ETF TRUST-80%

    now $8.1M

  • GLD$GLDCALLSPDR GOLD TRUST-26%

    now $54.7M

  • SEI$SEISolaris Energy Infrastructure, Inc.-33%

    now $13.0M · held 3 qtrs

  • LION$LIONLionsgate Studios Corp.-92%

    now $536K

  • RYAM$RYAMCALLRAYONIER ADVANCED MATERIALS INC.-83%

    now $1.1M

+83 more in the Excel export

Sold out (158)

  • PUTISHARES TRwas $21.1M
  • TRIP$TRIPTripAdvisor, Inc.was $14.0M

    held 9+ qtrs

  • VECO$VECOVEECO INSTRUMENTS INCwas $13.8M

    held 1 qtr

  • JBLU$JBLUJETBLUE AIRWAYS CORPwas $13.8M

    held 8 qtrs

  • CLOUDFLARE INCwas $13.6M
  • KW$KWKennedy-Wilson Holdings, Inc.was $12.3M

+152 more in the Excel export

Share

Holdings by quarter

Every 13F K2 PRINCIPAL FUND, L.P. has filed, 40 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow K2 PRINCIPAL FUND, L.P.?

Q2 2026 13F filed with the SEC on Aug 7, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of K2 PRINCIPAL FUND, L.P.'s top 20 holdings: 43/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)

Top 10 since filing

-12.7%

Value-weighted move of the 10 largest stock positions

Turnover

39%

Last quarter; 153% over the last 4

Top 10 weight

15%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

46%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

K2 PRINCIPAL FUND, L.P. disclosed 490 positions worth $1.4B in its Form 13F-HR for Q2 2026 — $1.1B in common stock plus $277.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $AAUC (Allied Gold Corp) at 2.4% of the equity portfolio. During the quarter the fund opened 165 new positions and exited 158 — including a new stake in $AAUC. The portfolio is most concentrated in Other (23.4% of disclosed assets). All figures are sourced directly from K2 PRINCIPAL FUND, L.P.’s Form 13F-HR filing with the SEC under CIK 1461790.

Funds like this

managers whose biggest positions overlap K2 PRINCIPAL FUND, L.P.'s
Context Capital Management, LLC$5.15B 13F book · 9 shared top holdingsMARAMSTRGMEARRYLINDEN ADVISORS LP$19.30B 13F book · 8 shared top holdingsMSTRTESEIRBRKWHITEBOX ADVISORS LLC$7.65B 13F book · 8 shared top holdingsMARAMSTRGMEUBERADVENT CAPITAL MANAGEMENT /DE/$4.46B 13F book · 11 shared top holdingsMSTRGMEAKAMUBERTENOR CAPITAL MANAGEMENT Co., L.P.$7.09B 13F book · 9 shared top holdingsONGMEAKAMETSYWOLVERINE ASSET MANAGEMENT LLC$11.38B 13F book · 6 shared top holdingsMSTRGMERBRKAKAM

Browse Top Institutional Investors

13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.

Berkshire HathawayBridgewater AssociatesCitadel AdvisorsRenaissance TechnologiesTwo Sigma InvestmentsDE Shaw & CoMillennium ManagementAQR Capital ManagementPoint72 Asset ManagementTiger Global ManagementVanguard GroupBlackRock

to search all 8,700+ institutional filers.

AI-Powered Hedge Fund Analysis: K2 PRINCIPAL FUND, L.P.

13F Pro is an AI hedge fund tracker and stock research platform. For K2 PRINCIPAL FUND, L.P. (SEC CIK: 1461790), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in K2 PRINCIPAL FUND, L.P.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.